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The only problem is.. when the stock does indeed begin to fall... you will have been stopped out a long time ago... The stock can easily pullback for a day or 2.. but the risk to reward is on the other side... you are playing a losers game.. Maybe you will be right with yhoo and top tick...

No such thing as overbought..... mathematically it doesnt exist in stock markets....

THanks.. but i really need the 50 day exp. moving avg. not the simple.... What is the formula for a 50day exp. MA in tc2000...

Jack.. can you please elaborate on this pinwheel idea... perhaps with some examples... thanks

50day MA

How can I run a scan or study to indicate when the 50ma exp. is practically flat. I use tc2000, esignal and metastock. I am looking for a flat line 50 exp. ma.... because I noticed a lot of good breakouts come from such a consolidation... Not perfectly flat.. but somewhat visiually flat...

GM is actually trading at a minor support level.. if the red line in my chart breaks the chances of testing the $30 level increase substantially... If support holds.. most likely the first objective will be to test the 4/23 high of 37.50... good luck, --MIKE

Lets all get together... and chip in $1.. and buy his system.. and post the whole thing on ET.... afterwards will just return it for a refund... Instead of just bashing him... lets give him a fair trial.. it should cost all of us around $1.. This would be hilarious... --MIKE

For a long term trader... what I said is totally irrelevant.... Its specifically relevant to only those that swing trade... What happened in the late 90's is a grand bull market.. which i doubt will ever happen for a long time.. But there will still be 1-6 month bull and bear markets...

Valid points.. Let me again clarify further... in my definition... since I am a swing trader... A bull market is a rally that last longer than 1 month... and usually sees a gain of %10 in some of the major indices... A rally is a series of higher highs... The opposite is true in a...

I was specifically talking about swing traders.. sorry if i didnt clarify

Not in a bull market.. resistance will surely get taken out.. First Identify the market condition before placing the trade... In sideways chop markets... buy support and sell resistance.. IN a trending market.. buy the breakouts... Right now we are in uptrend mode.. so buy the...

Just to clarify... In the intermediate term we are clearly in an uptrend.. until we rollover and make a lower low... In the very long term.. we are still in a bear market... I trade daily bars.. not weekly... therefore my main concern is the intermediate/short term trend... If we...

Every single profitable professional that I know only trade with the trend... My point is that if the market is still in an uptrend.. I would be mainly looking to go long.. and possible short a few weak stocks to hedge... The risk is always greater fading a trend.. then riding one...

I only track 2 indicators.. price and volume... Price is an uptrend.. and volume is looking pretty good. Actually the risk is with the bears...

Here are my thoughts... First of all.. I dont think its a great idea to place a short based on a possible future terrorist attack... SARS is alreay priced in.. its very old news... As for JNPR.. there is no such thing as overbought. --MIKE

EXPE... is a horrible short... I dont know when you guys will learn never to short the strongest stocks in the market... Every rally the market gets the stock will go up even more.... by the time it starts coming down.. you are already stopped out. Never, Never, try to pick tops...

That was an important support area we are bouncing off... For now bulls win... I will go short when(if) we break support --mike

Hmm... Time to draw a new trendline and start going long again?

Just trade what you see not what you think... Markets never make sense... they are not humans.. nor do they have any logic.... Trying to reason out the markets... is like having lunch with a psychopath.... --MIKE